2 to 5 year target, page-2

hi

I was a past holder of FML and called its drop from 10c to 4c 6-8 months ago. That was based purely on fundamentals and a high market share for a start-up gold producer. With the gold price falling, it didnt help FML and the stock now sitting at 3c is IMHO a bargain. Remember part of the financing deal (loan) involved hedging the gold price at A$990/oz (for 32000 oz i believe)when it was at its highest. That was smart and should help the company repay its debts within 15-18 months. Once that happens and the price of Nickel recovers, then watch out ! If i didnt have a few hefty paper losses now, i would buy heaps.

2year target - 20-25c (6-8 bagger) - reason - debt repaid, higher nickel price (nepean), 100k oz pa gold production ramp up and ~1.6mil oz in oz resources (with further upside)

Good luck to all holders